2015 IRS Refund Cycle Chart for Tax Year 2014

2014 IRS E-File Cycle ChartThis is a schedule for 2015 IRS Refund Cycle Chart. Direct Deposit and Check date’s below. Please see disclaimer. 2015 tax refund schedule is listed below for information purposes. This is just for the first week. Find out when you’re state income tax refund will be in.  Please consider donating $1 to $5 to us for help with cost of running the site. If you use our schedule on your webpage, please drop us a link. January 23rd, 2015 is the first day of tax season 2015. The I.R.S will begin accepting tax returns January 23rd, 2015.

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2014 IRS e-file cycle chart and payment information.

Where is the first day to file taxes income tax in 2014?

Direct Deposit and Check date’s below. Please see disclaimer about the 2014 IRS e-file Refund Cycle Chart.

IRS approves your return (by 11:00 am) between…* Projected Direct Deposit Sent on or before* Projected Paper Check Mailed*
 January 24 and January 31 2014 2/6/2014 2/7/2014
February 02 and February 08 2014 2/13/2014 2/14/2014 Read the rest of this entry »

2014 Federal Tax Rate Schedules

Updated for Tax Year: 2014
2014 tax brackets
These 2014  federal tax rate schedules are provided to help you estimate your 2014 federal income tax. All tax softwares will apply these rates as you complete your tax return.
 2014 tax brackets
Single
If taxable income is over—
but not over—
the tax is:
$0
$9,075
10% of the amount over $0
$9,075
$36,900
$907.50 plus 15% of the amount over $9,075
$36,900
$89,350
$5,081.25 plus 25% of the amount over $36,900
$89,350
$186,350
$18,193.75 plus 28% of the amount over $89,350
$186,350
$405,100
$45,353.75 plus 33% of the amount over $186,350
$405,100
$406,750
$117,541.25 plus 35% of the amount over $405,100
$406,750
no limit
$118,118.75 plus 39.6% of the amount over $406,750

 

Married Filing Jointly or Qualifying Widow (Widower)
If taxable income is over—
but not over—
the tax is:
$0
$18,150
10% of the amount over $0
$18,150
$73,800
$1,815 plus 15% of the amount over $18,150
$73,800
$148,850
$10,162.50 plus 25% of the amount over $73,800
$148,850
$226,850
$28,925 plus 28% of the amount over $148,850
$226,850
$405,100
$50,765 plus 33% of the amount over $226,850
$405,100
$457,600
$109,587.50 plus 35% of the amount over $405,100
$457,600
no limit
$127,962.50 plus 39.6% of the amount over $457,600

 

Married Filing Separately
If taxable income is over—
but not over—
the tax is:
$0
$9,075
10% of the amount over $0
$9,075
$36,900
$907.50 plus 15% of the amount over $9,075
$36,900
$74,425
$5,081.25 plus 25% of the amount over $36,900
$74,425
$113,425
$14,462.50 plus 28% of the amount over $74,425
$113,425
$202,550
$25,382.50 plus 33% of the amount over $113,425
$202,550
$228,800
$54,793.75 plus 35% of the amount over $202,550
$228,000
no limit
$63,981.25 plus 39.6% of the amount over $228,800

 

 

Head of Household
If taxable income is over—
but not over—
the tax is:
$0
$12,950
10% of the amount over $0
$12,950
$49,400
$1,295 plus 15% of the amount over $12,950
$49,400
$127,550
$6,762.50 plus 25% of the amount over $49,400
$127,550
$206,600
$26,300 plus 28% of the amount over $127,550
$206,600
$405,100
$48,434 plus 33% of the amount over $206,600
$405,100
$432,200
$113,939 plus 35% of the amount over $405,100
$432,200
no limit
$123,424 plus 39.6% of the amount over $432,200

Estimate your 2014 Tax Return with our 2015 Tax Refund Calculator.

2015 Tax Season is expected to be the worst yet for tax filers.

The Internal Revenue Service is gearing up to be hated even more than usual due to a “miserable” 2015 tax season, the agency’s commissioner warned. That’s because of a lack of funding from Congress combined with increased responsibilities.

The 2015 tax filing season “will be one of the most complicated filing seasons we’ve ever had,” IRS Commissioner John Koskinen warned at the American Institute of Certified Public Accountants (AICPA) National Tax Conference in Washington, DC Thursday. “All we can do is try to maximize our services as well as we can; as well as we can is still going to be miserable. You really do get what you pay for.”

Koskinen followed National Taxpayer Advocate Nina Olson ‒ who’s been in that role since 2001 ‒ at the conference. And she was even gloomier with her predictions.

“The [2015 tax season] is going to be the worst filing season since I’ve been the national taxpayer advocate; I’d love to be proved wrong, but I think it will rival the 1985 filing season when returns disappeared,” she told the audience of tax practitioners, according to Forbes. Read the rest of this entry »

Just when you thought Black Friday and Cyber Monday couldn’t possibly get any bigger, marketers around the country are opening earlier, offering deeper discounts, and even streaming live video online.

Seriously – Reddit is turning Black Friday into a 24-hour television event so you can enjoy the craziness from the safety of your homes.

And what’s at stake? Your sanity and your wallet. But thankfully, there are ways to take advantage of Black Friday and Cyber Monday deals and still maintain a positive balance in your bank account.

Know What You Want Before You Spend Money

Even the best of us fall to the temptation of spending more money that we intended to. One of the best ways to maintain your Black Friday dignity and keep more money in your wallet is to know what you want to buy before you step out of the house – or in the case of Cyber Monday, before you turn on your computer. Read the rest of this entry »

Income tax filing can be a dreaded event for some taxpayers, but if you are expecting a tax refund, it’s a good idea to know how much you could be getting back. Estimate your Tax Refund today!

The “Tax Refund Estimatortax calculator can simplify the process for you and help provide a fairly reliable figure on your estimated tax refund.

This tax calculator can also help you determine whether you’ve underpaid taxes for the year, and if so, how much you will owe the IRS on April 15th 2015. Read the rest of this entry »

Tax Season 2015 starts January 23rd 2015.

The I.R.S is expected to start accepting 2015 tax returns as of January 23rd, 2015 per the 2015 IRS Refund Cycle Chart. This doesn’t mean that you will not be able to submit your 2014 tax return to the I.R.S before then though. All of the I.R.S. tax forms are usually available by January 5th (2015). If filing by January 23rd, 2015, check our 2015 IRS Refund Cycle Chart to see when you will get your return back. Also if you will owe taxes in 2015, this can give you an idea of the earliest date that you would need to pay them. Tax Season 2015 will begin very soon, so the time to start preparing is now.

Tax Season 2015DISCLAIMER: This is merely an estimate based on prior year(2014). We do not guarantee this date and the I.R.S. does not release official dates to the public.

Tax Season 2015

Tax Season 2015 starts

Tax Season 2015 begins

when is tax season 2015

first day to file taxes 2015

Tax Season 2015 starts

October 15th Extension Deadline Approaching

October 15th 2014 is the IRS tax deadline.

If you were unable to file your 2013 individual tax return by April 15th and filed an extension, you should be aware that the extension gave you until October 15th to file your return or face a late filing penalty, which is 4 1/2% of the tax due per month, with a maximum penalty of 22 1/2% of the tax due. There is also a minimum penalty of the lesser of $135 or 100% of the tax due. If you prepaid your 2013 taxes timely through a combination or withholding or estimated taxes and will receive a refund when your return is ultimately filed, there is no penalty for filing late.

You should also be aware that the extension provided you additional time to file your return but not additional time to pay any tax you might owe. Thus, even though the extension avoids the late filing penalty, you are still subject to interest on any unpaid balance through the date of filing. Therefore, you can minimize interest charges by filing as soon as possible.

There are no additional extensions available, so if you owe tax it is important you file by the October 15th due date even if you have to estimate the missing items and file an amended return at a later date.

If you are on extension and have the information needed to complete your return, it is important that you provide that information to this office as soon as possible to avoid being caught up in a last-minute rush. If you are on extension and cannot obtain the information required to complete your return, please call this office as soon as possible to discuss your options.

Contact one of our tax professionals.

Also, if you are looking towards the future check out our 2015 Tax Refund Calculator and our 2015 IRS E-File Cycle Chart.

Discuss this and more on the Income Tax Forums.

Thanks for reading,

-Staff

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